Apartment Investment and Management Company (NYSE:AIV) Plans $1.30 Special Dividend

Apartment Investment and Management Company (NYSE:AIV) declared a special dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be given a dividend of 1.30 per share by the real estate investment trust on Wednesday, June 3rd. The ex-dividend date of this dividend is Friday, May 15th.

Apartment Investment and Management has decreased its dividend by an average of 0.4%annually over the last three years.

Apartment Investment and Management Stock Performance

Shares of AIV traded up $0.02 during midday trading on Friday, hitting $4.27. 551,545 shares of the stock traded hands, compared to its average volume of 2,720,966. Apartment Investment and Management has a 1-year low of $3.93 and a 1-year high of $8.87. The firm has a market capitalization of $613.56 million, a PE ratio of 1.10 and a beta of 1.29. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.46 and a current ratio of 3.46. The business’s 50 day moving average price is $4.32 and its two-hundred day moving average price is $5.29.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $2.19. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. The company had revenue of $34.64 million during the quarter, compared to the consensus estimate of $56.65 million.

About Apartment Investment and Management

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.